10-Q Filing

VALERO ENERGY CORP/TX CIK: 1035002 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001035002-21-000118`
Period End Date	20210930
Filing Date	20211027
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	vlo-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 88 Cash Flow Statement 52 Stockholders Equity 41 Comprehensive Income 40

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.50B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.31B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	673.50M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$8.63B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	673.50M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$6.11B	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	265.10M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	264.68M	shares	Point-in-time
Inventories	`InventoryNet`	$6.23B	USD	Point-in-time
Inventories	`InventoryNet`	$6.04B	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$384.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$438.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.79B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.84B	USD	Point-in-time
Property, plant, and equipment, at cost	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization`	$46.97B	USD	Point-in-time
Property, plant, and equipment, at cost	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization`	$48.23B	USD	Point-in-time
Accumulated depreciation	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization`	$16.58B	USD	Point-in-time
Accumulated depreciation	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization`	$17.80B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$30.44B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$30.39B	USD	Point-in-time
Deferred charges and other assets, net	`OtherAssetsNoncurrent`	$5.54B	USD	Point-in-time
Deferred charges and other assets, net	`OtherAssetsNoncurrent`	$5.46B	USD	Point-in-time
Total assets	`Assets`	$51.77B	USD	Point-in-time
Total assets	`Assets`	$54.69B	USD	Point-in-time
Current portion of debt and finance lease obligations	`DebtCurrent`	$1.16B	USD	Point-in-time
Current portion of debt and finance lease obligations	`DebtCurrent`	$723.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.82B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.08B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$994.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.54B	USD	Point-in-time
Taxes other than income taxes payable	`SalesAndExciseTaxPayableCurrent`	$1.55B	USD	Point-in-time
Taxes other than income taxes payable	`SalesAndExciseTaxPayableCurrent`	$1.37B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$244.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$112.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.28B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.31B	USD	Point-in-time
Debt and finance lease obligations, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$13.07B	USD	Point-in-time
Debt and finance lease obligations, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$13.95B	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$5.11B	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$5.28B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.61B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.62B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued	`CommonStockValue`	$7.00M	USD	Point-in-time
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued	`CommonStockValue`	$7.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.83B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.81B	USD	Point-in-time
Treasury stock, at cost; 264,680,113 and 265,096,171 common shares	`TreasuryStockValue`	$15.72B	USD	Point-in-time
Treasury stock, at cost; 264,680,113 and 265,096,171 common shares	`TreasuryStockValue`	$15.70B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.67B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.95B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.25B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.34B	USD	Point-in-time
Total Valero Energy Corporation stockholders equity	`StockholdersEquity`	$17.48B	USD	Point-in-time
Total Valero Energy Corporation stockholders equity	`StockholdersEquity`	$18.80B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.11B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$841.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.59B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.64B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.54B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.70B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.02B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.63B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$51.77B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$54.69B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$29.52B	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$15.81B	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$78.07B	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$48.31B	USD	3 Qtrs
Cost of materials and other	`CostDirectMaterial`	$26.62B	USD	1 Quarter
Cost of materials and other	`CostDirectMaterial`	$70.86B	USD	3 Qtrs
Cost of materials and other	`CostDirectMaterial`	$14.80B	USD	1 Quarter
Cost of materials and other	`CostDirectMaterial`	$43.83B	USD	3 Qtrs
Lower of cost or market (LCM) inventory valuation adjustment	`InventoryWriteDown`	-	USD	3 Qtrs
Lower of cost or market (LCM) inventory valuation adjustment	`InventoryWriteDown`	$-313.00M	USD	1 Quarter
Lower of cost or market (LCM) inventory valuation adjustment	`InventoryWriteDown`	$-19.00M	USD	3 Qtrs
Lower of cost or market (LCM) inventory valuation adjustment	`InventoryWriteDown`	-	USD	1 Quarter
Operating expenses (excluding depreciation and amortization expense reflected below)	`CostOfGoodsAndServicesSoldOverhead`	$4.22B	USD	3 Qtrs
Operating expenses (excluding depreciation and amortization expense reflected below)	`CostOfGoodsAndServicesSoldOverhead`	$3.27B	USD	3 Qtrs
Operating expenses (excluding depreciation and amortization expense reflected below)	`CostOfGoodsAndServicesSoldOverhead`	$1.12B	USD	1 Quarter
Operating expenses (excluding depreciation and amortization expense reflected below)	`CostOfGoodsAndServicesSoldOverhead`	$1.35B	USD	1 Quarter
Depreciation and amortization expense	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$630.00M	USD	1 Quarter
Depreciation and amortization expense	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$1.74B	USD	3 Qtrs
Depreciation and amortization expense	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$1.77B	USD	3 Qtrs
Depreciation and amortization expense	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$602.00M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$28.60B	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$76.86B	USD	3 Qtrs
Total cost of sales	`CostOfRevenue`	$48.82B	USD	3 Qtrs
Total cost of sales	`CostOfRevenue`	$16.21B	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$19.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$30.00M	USD	3 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$25.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$69.00M	USD	3 Qtrs
General and administrative expenses (excluding depreciation and amortization expense reflected below)	`GeneralAndAdministrativeExpense`	$195.00M	USD	1 Quarter
General and administrative expenses (excluding depreciation and amortization expense reflected below)	`GeneralAndAdministrativeExpense`	$579.00M	USD	3 Qtrs
General and administrative expenses (excluding depreciation and amortization expense reflected below)	`GeneralAndAdministrativeExpense`	$186.00M	USD	1 Quarter
General and administrative expenses (excluding depreciation and amortization expense reflected below)	`GeneralAndAdministrativeExpense`	$532.00M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$12.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$35.00M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$11.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$37.00M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-1.11B	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$536.00M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$693.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-621.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$32.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$48.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$179.00M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$107.00M	USD	3 Qtrs
Interest and debt expense, net of capitalized interest	`InterestExpense`	$143.00M	USD	1 Quarter
Interest and debt expense, net of capitalized interest	`InterestExpense`	$410.00M	USD	3 Qtrs
Interest and debt expense, net of capitalized interest	`InterestExpense`	$451.00M	USD	3 Qtrs
Interest and debt expense, net of capitalized interest	`InterestExpense`	$152.00M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.41B	USD	3 Qtrs
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$264.00M	USD	3 Qtrs
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-716.00M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$573.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-614.00M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$86.00M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$65.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-337.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$508.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-798.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$178.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-379.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$85.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$45.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$264.00M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$257.00M	USD	3 Qtrs
Net income (loss) attributable to Valero Energy Corporation stockholders	`NetIncomeLoss`	$463.00M	USD	1 Quarter
Net income (loss) attributable to Valero Energy Corporation stockholders	`NetIncomeLoss`	$-79.00M	USD	3 Qtrs
Net income (loss) attributable to Valero Energy Corporation stockholders	`NetIncomeLoss`	$-1.06B	USD	3 Qtrs
Net income (loss) attributable to Valero Energy Corporation stockholders	`NetIncomeLoss`	$-464.00M	USD	1 Quarter
Earnings (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-2.62	USD	3 Qtrs
Earnings (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	3 Qtrs
Earnings (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-1.14	USD	1 Quarter
Earnings (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$1.13	USD	1 Quarter
Weighted-average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	407.00M	shares	3 Qtrs
Weighted-average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	407.00M	shares	1 Quarter
Weighted-average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	407.00M	shares	3 Qtrs
Weighted-average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	407.00M	shares	1 Quarter
Earnings (loss) per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$-0.20	USD	3 Qtrs
Earnings (loss) per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$-1.14	USD	1 Quarter
Earnings (loss) per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$-2.62	USD	3 Qtrs
Earnings (loss) per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$1.13	USD	1 Quarter
Weighted-average common shares outstanding assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	407.00M	shares	3 Qtrs
Weighted-average common shares outstanding assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	408.00M	shares	1 Quarter
Weighted-average common shares outstanding assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	407.00M	shares	1 Quarter
Weighted-average common shares outstanding assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	407.00M	shares	3 Qtrs
Includes excise taxes on sales by certain of our international operations	`ExciseAndSalesTaxes`	$1.34B	USD	1 Quarter
Includes excise taxes on sales by certain of our international operations	`ExciseAndSalesTaxes`	$4.15B	USD	3 Qtrs
Includes excise taxes on sales by certain of our international operations	`ExciseAndSalesTaxes`	$1.61B	USD	1 Quarter
Includes excise taxes on sales by certain of our international operations	`ExciseAndSalesTaxes`	$3.49B	USD	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$508.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-798.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$178.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-379.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAmortizationAndAccretionNet`	$1.81B	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAmortizationAndAccretionNet`	$1.77B	USD	3 Qtrs
LCM inventory valuation adjustment	`InventoryWriteDown`	-	USD	3 Qtrs
LCM inventory valuation adjustment	`InventoryWriteDown`	$-313.00M	USD	1 Quarter
LCM inventory valuation adjustment	`InventoryWriteDown`	$-19.00M	USD	3 Qtrs
LCM inventory valuation adjustment	`InventoryWriteDown`	-	USD	1 Quarter
Gain on sale of partial interest in MVP Terminalling, LLC (MVP)	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$62.00M	USD	3 Qtrs
Gain on sale of partial interest in MVP Terminalling, LLC (MVP)	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	3 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxesAndTaxCredits`	$177.00M	USD	3 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxesAndTaxCredits`	$-150.00M	USD	3 Qtrs
Changes in current assets and current liabilities	`IncreaseDecreaseInOperatingCapitalCurrent`	$232.00M	USD	3 Qtrs
Changes in current assets and current liabilities	`IncreaseDecreaseInOperatingCapitalCurrent`	$-1.63B	USD	3 Qtrs
Changes in deferred charges and credits and other operating activities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-2.00M	USD	3 Qtrs
Changes in deferred charges and credits and other operating activities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$50.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.40B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$852.00M	USD	3 Qtrs
Proceeds from sale of partial interest in MVP	`ProceedsFromSaleOfEquityMethodInvestments`	$270.00M	USD	3 Qtrs
Proceeds from sale of partial interest in MVP	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$39.00M	USD	3 Qtrs
Investments in unconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$8.00M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-16.00M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-33.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.85B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.41B	USD	3 Qtrs
Purchases of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	$147.00M	USD	3 Qtrs
Purchases of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	$15.00M	USD	3 Qtrs
Common stock dividend payments	`PaymentsOfDividendsCommonStock`	$1.20B	USD	3 Qtrs
Common stock dividend payments	`PaymentsOfDividendsCommonStock`	$1.20B	USD	3 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	-	USD	3 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$25.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$208.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$2.00M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-32.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.47B	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.74B	USD	3 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-69.00M	USD	3 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-6.00M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$185.00M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.46B	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.50B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.58B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.05B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.50B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.58B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.05B	USD	Point-in-time

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.98	USD	1 Quarter
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.98	USD	1 Quarter
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$2.94	USD	3 Qtrs
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$2.94	USD	3 Qtrs
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.59B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.64B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.54B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.70B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.02B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.63B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$508.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-798.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$178.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-379.00M	USD	1 Quarter
Dividends on common stock	`Dividends`	$1.20B	USD	3 Qtrs
Dividends on common stock	`Dividends`	$1.20B	USD	3 Qtrs
Dividends on common stock	`Dividends`	$400.00M	USD	1 Quarter
Dividends on common stock	`Dividends`	$399.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$52.00M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$48.00M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.00M	USD	1 Quarter
Transactions in connection with stock-based compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-13.00M	USD	3 Qtrs
Transactions in connection with stock-based compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.00M	USD	1 Quarter
Transactions in connection with stock-based compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-16.00M	USD	3 Qtrs
Open market stock purchases	`TreasuryStockValueAcquiredCostMethod`	$130.00M	USD	3 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$25.00M	USD	3 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$25.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$81.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$208.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$230.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-259.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-216.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-92.00M	USD	3 Qtrs
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.59B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.64B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.54B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.70B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.02B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.63B	USD	Point-in-time

Comprehensive Income 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$508.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-798.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$178.00M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-379.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-114.00M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-252.00M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-259.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$217.00M	USD	1 Quarter
Net gain on pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-44.00M	USD	3 Qtrs
Net gain on pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-12.00M	USD	1 Quarter
Net gain on pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-16.00M	USD	1 Quarter
Net gain on pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-36.00M	USD	3 Qtrs
Net gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$5.00M	USD	1 Quarter
Net gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$-17.00M	USD	1 Quarter
Net gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$9.00M	USD	3 Qtrs
Net gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$-14.00M	USD	3 Qtrs
Other comprehensive income (loss) before income tax expense (benefit)	`OtherComprehensiveIncomeLossBeforeTax`	$-84.00M	USD	3 Qtrs
Other comprehensive income (loss) before income tax expense (benefit)	`OtherComprehensiveIncomeLossBeforeTax`	$234.00M	USD	1 Quarter
Other comprehensive income (loss) before income tax expense (benefit)	`OtherComprehensiveIncomeLossBeforeTax`	$-260.00M	USD	1 Quarter
Other comprehensive income (loss) before income tax expense (benefit)	`OtherComprehensiveIncomeLossBeforeTax`	$-207.00M	USD	3 Qtrs
Income tax expense (benefit) related to items of other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$8.00M	USD	3 Qtrs
Income tax expense (benefit) related to items of other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$9.00M	USD	3 Qtrs
Income tax expense (benefit) related to items of other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$-1.00M	USD	1 Quarter
Income tax expense (benefit) related to items of other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$4.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$230.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-259.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-216.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-92.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$86.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-149.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.01B	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$249.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$249.00M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$35.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$268.00M	USD	3 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$87.00M	USD	1 Quarter
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders	`ComprehensiveIncomeNetOfTax`	$-236.00M	USD	1 Quarter
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders	`ComprehensiveIncomeNetOfTax`	$214.00M	USD	1 Quarter
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders	`ComprehensiveIncomeNetOfTax`	$-163.00M	USD	3 Qtrs
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders	`ComprehensiveIncomeNetOfTax`	$-1.28B	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.